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ASIC 10-year prepayment
Does your SMSF have a Corporate Trustee? Each year you will receive an annual statement from ASIC which will contain: A statement of your company’s current details An invoice for your company’s annual review fee To keep your company registered, you must complete the following: Pay the annual company review fee Check and update your […]
Director Identification Number
What is a Director Identification Number (director ID) and do I need one? You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID also applies to individuals who have an SMSF with a corporate trustee, […]
Cyber SMSF: Your Trusted SMSF Accountant
Partnering with an SMSF accountant with extensive industry knowledge and experience can have enormous benefits for your financial future. Whether you’re at the early stages of preparing for retirement – or it’s just around the corner, Cyber SMSF can provide support and expert advice at any step in your self-managed super fund journey. Being entirely […]
The Benefits of an SMSF Business Partnership
Have you considered establishing an SMSF business partnership with a self-managed super fund specialist? A strategic partnership will not only complement your services as a trusted advisor, your clients will appreciate receiving the latest expert information regarding their funds. At Cyber SMSF, our trusted support enables you to maximise your time with clients, enabling them […]
Simplify SMSF Compliance for Your Clients
Helping our clients achieve genuine benefits from their self-managed super funds can reap healthy rewards. However, SMSF compliance, including the process of collecting and preparing raw data into financial statements, is a necessary evil which often becomes an administrative burden, requiring substantial resources and staffing. Research Shows What SMSF Clients Want When it comes to […]
Australian SMSF Specialists Help Maintain Client’s Trust
While Australian firms continue to rely on outsourcing services to offshore centres, a growing number of clients prefer to deal with Australian SMSF specialists. Cyber SMSF offers accountants a locally-based solution for our clients. The data processing and storage services we provide remain in Australia and are handled only by Australians. While outsourcing offshore may […]
SMSF’s Investing in Cryptocurrency
Trustees considering investing in Cryptocurrency with their Self-Managed Superannuation Fund (SMSF) need to consider the following to ensure that there are no unexpected surprises.
All investments made by a SMSF need to be allowed under the fund’s Trust Deed and must also comply with the fund’s Investment Strategy.
When did you last review your SMSF’s investment strategy?
You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations.
Of key concern is ensuring that trustees have considered diversification and liquidity of their assets when formulating and executing their fund’s investment strategy.